Question

What will be the simple interest earned on Rs 10,000 in 2.5 years at the rate of 8 p.c.p.a

Answer 1

Answer:

2000 and final amount will be ₹12000

Step-by-step explanation:

simple interest= P (1+ rate. time)

10000( 1+ 0.08*2.5) = 12000

Answer 2

Given - Principal, rate of interest and time

Find - Simple interest

Solution - The simple interest as per the given information will be Rupees 2000.

The formula for simple interest to be used is = Principal*rate of interest*time/100

Principal = Rupees 10,000

Rate of interest = 8%

Time = 2.5 years

Keep the values in the formula to find the value of simple interest.

Simple interest = 10000*8*2.5/100

Simple interest = 2000

Thus, the simple interest as per the given information will be Rupees 2000.